Important: All 14 Drivers Whose Contracts Expire After 2024 Season

While there are only 20 drivers on the grid, 14 of them will see their contracts expire at the end of season 2024. Here is all you need to know:

Perhaps the hottest and the most discussed seat out of all is the second seat in Red Bull alongside Max Verstappen. If Sergio Perez does not improve his performance, he will be in trouble as Red Bull will look around for other options.

Rumors have surfaced recently suggesting if Perez does not improve his performance at the beginning of 2023, he might be replaced by Daniel Ricciardo already before the end of the 2024 season.

There have also been numerous speculations about possible drivers that could replace the Mexican. One of them has been Daniel Ricciardo, but names like Fernando Alonso, Alex Albon, and Carlos Sainz have also been flowing around.

Out of the above-mentioned names, probably the least likely driver to join Red Bull is Alonso, as Red Bull's team principal specifically said he would not want two alphas in one team.

Very recent rumors also suggest Charles Leclerc prolonged his contract with Ferrari until the end of 2029 while negotiations with Carlos Sainz are still in process.

Pierre Gasly beat his teammate Esteban Ocon during his first season at Alpine in 2023, and it is likely that both drivers will continue with the team.

Teams that rank low in the Constructors' Championship sign with drivers for shorter periods of time, unlike Ferrari, Mercedes, or Red Bull that find one or two drivers they believe in and want to keep for as long as possible.

Logan Sargeant got his contract renewed last week as he got a chance from Williams for one more season after being unsuccessful in 2023.

Notably, Nico Hulkenberg has been connected with a possible move to Audi Sauber (now known as Alfa Romeo) in 2026. His teammate Kevin Magnussen brings to Haas a lot of experience, which the team values, so it would not be surprising to see the Dane continue with the team.